Cyril, who is 68 years of age, received Social Security benefits of $12,000, wages of $5,000,...

 

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Cyril, who is 68 years of age, received Social Security benefits of $12,000, wages of $5,000, interest and dividends of $4,000, unemployment compensation of $4,000 and municipal bond interest of $1,500. Calculate Cyril's adjusted gross income. Cyril, who is 68 years of age, received Social Security benefits of $12,000, wages of $5,000, interest and dividends of $4,000, unemployment compensation of $4,000 and municipal bond interest of $1,500. Calculate Cyril's adjusted gross income.

Answer rating: 100% (QA)

To calculate Cyrils adjusted gross income AGI we need to consider the various types of income he rec... View the full answer